Truvestments Capital LLC Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Truvestments Capital LLC acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the first quarter, HoldingsChannel.com reports. The fund acquired 2,832 shares of the semiconductor company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in LSCC. Franklin Resources Inc. grew its position in shares of Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after buying an additional 1,889,110 shares during the last quarter. Norges Bank bought a new position in Lattice Semiconductor in the 4th quarter worth $98,684,000. William Blair Investment Management LLC lifted its position in shares of Lattice Semiconductor by 78.7% in the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after purchasing an additional 1,098,962 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Lattice Semiconductor by 6.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after purchasing an additional 611,550 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Lattice Semiconductor by 1,720.0% during the fourth quarter. Wellington Management Group LLP now owns 511,794 shares of the semiconductor company’s stock valued at $35,309,000 after buying an additional 483,673 shares during the period. Institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Glenn O’rourke sold 1,241 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the transaction, the director now owns 1,920 shares in the company, valued at $132,864. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock worth $3,664,529 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LSCC. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Bank of America boosted their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research note on Tuesday, April 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.09.

Lattice Semiconductor Trading Up 1.6 %

LSCC traded up $0.89 during trading hours on Friday, hitting $55.07. The company’s stock had a trading volume of 2,083,994 shares, compared to its average volume of 2,065,130. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 11.79 and a beta of 1.39. The business’s 50-day moving average price is $62.78 and its 200-day moving average price is $68.92. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. On average, analysts forecast that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.